Mayor Zohran Mamdani has been steering city housing contracts to an administration-linked developer currently evicting at least eight residents \u2014 despite Hizzoner\u2019s pledge to keep tenants in their homes.<\/p>\n
Manhattan-based Spatial Equity, which has City Hall\u2019s backing for a massive Harlem housing takeover, is moving to evict eight people from the 123-unit Shepherd Glenmore affordable housing complex in Cypress Hills, according to court filings.<\/p>\n
The $61 million building was completed in July 2025 and is the only property with tenants for the firm, headed by Teghvir Sethi, according to the company.<\/p>\n
New York City Mayor Mamdani is backing a landlord moving to evict eight tenants. Robert Miller for NY Post<\/p>\n
The company is looking to expand its portfolio by taking on a pair of affordable housing projects and is capitalizing on Mamdani\u2019s pledge to intervene in the sale of foreclosed properties.<\/p>\n
Mamdani is backing Sethi\u2019s bid to take over a 38-building, 887-unit distressed property in East Harlem, The Real Deal reported.<\/a><\/p>\n The city\u2019s Department of Housing Preservation also tapped Spatial Equity to co-develop \u201cThe Aurea,\u201d a 131-unit affordable housing complex on the Lower East Side in space that was formerly an NYPD parking lot, according to a city hall press release.<\/a><\/p>\n Mamdani has called\u00a0his favored developers<\/a>\u00a0\u201cHigh Road Landlords,\u201d but Spatial Equity\u2019s move to evict several residents goes against his administration\u2019s repeated pledges to keep derelict tenants in their homes.<\/p>\n The tenants are all being sued for non-payment, according to court records. <\/p>\n \u201cWe can keep people in their homes, and we can build the homes that they need to live in,\u201d Mamdani said when he announced his \u201cBlock by Block\u201d housing plan in May. <\/p>\n Mamdani has vowed to keep people in their homes. Helayne Seidman for the NY Post<\/p>\n